TL;DR
U.S. consumer confidence reached an 18-year high in September, with a strong economy and robust job growth contributing to the increase. The Consumer Board's index rose from 134.7 in August to 138.4 in September.
U.S. consumer confidence in September reached its highest level since 2000, according to a CNBC report.
The Consumer Board’s index saw a rise from 134.7 in August to 138.4 in September, according to the article. This 138.4 index comes closest to the all-time high of 144.7 in 2000, according to The Conference Board’s director of economic indicators Lynn Franco. The Conference Board administers the Consumer Confidence Survey.
"Consumers' assessment of current conditions remains extremely favorable, bolstered by a strong economy and robust job growth," Franco said, according to the article. "These historically high confidence levels should continue to support healthy consumer spending, and should be welcome news for retailers as they begin gearing up for the holiday season."
In this story
This story was originally published in 1851 Franchise on September 25, 2018. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.